Dorian LPG Ltd. (NYSE:LPG) Announces Special Dividend of $1.25

Dorian LPG Ltd. (NYSE:LPG) announced a special dividend on Thursday, October 29th. Investors of record on Monday, November 9th will be paid a dividend of $1.25 per share by the shipping company on Tuesday, November 24th. The ex-dividend date of this dividend is Monday, November 9th.

Dorian LPG has a dividend payout ratio of 36.2% indicating that its dividend is sufficiently covered by earnings.

Dorian LPG Stock Up 1.3%

LPG opened at $46.66 on Friday. The company has a fifty day moving average price of $54.17 and a 200-day moving average price of $42.44. Dorian LPG has a one year low of $23.76 and a one year high of $59.97. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.26 and a quick ratio of 3.24. The firm has a market capitalization of $2.00 billion, a P/E ratio of 4.16 and a beta of 0.64.

Dorian LPG (NYSE:LPG) last announced its quarterly earnings results on Thursday, November 5th. The shipping company reported $3.46 EPS for the quarter, topping analysts’ consensus estimates of $2.85 by $0.61. Dorian LPG had a return on equity of 25.69% and a net margin of 55.00%. The company had revenue of $221.35 million during the quarter, compared to analyst estimates of $195.18 million. During the same quarter last year, the firm posted $1.31 earnings per share. The firm’s revenue was up 78.4% on a year-over-year basis.

Dorian LPG Company Profile

Dorian LPG Ltd. (NYSE: LPG) is a maritime transportation company that owns and operates liquefied petroleum gas (LPG) carriers. The company primarily transports propane, butane and other LPG products for energy companies, commodity traders and other commercial customers under time-charter, voyage-charter and other contractual arrangements.

Dorian LPG’s fleet is focused primarily on very large gas carriers (VLGCs), including modern, fuel-efficient vessels designed to transport LPG in large quantities over international trade routes.